Blackrock BUIDL Fund Surpasses $2.89B in Rapid Growth

BlackRock’s BUIDL Fund has seen remarkable growth, exceeding $2.89 billion in just 90 days. This rapid expansion signifies a surge in institutional investment interest for digital assets and reflects a wider industry trend towards regulated digital asset investments. The fund’s success is attributed to both BlackRock’s institutional product offerings and Ethena Labs’ initial USDtb allocation, which contributed approximately $1.3 billion to the fund’s growth.